|FBM KLCI||Up||Up||Up (+)||R=1.3k, S=1.2k.|
|Finance||Up||Up||Up (+)||R=11k, S=9.5k.|
|Construction||Up||Neutral||Neutral (+)||R=250, S=220.|
|Plantation||Up||Up||Up (+)||R=6.4k, S=5.8k.|
Sunday, January 03, 2010
Bursa Malaysia Weekly Summary
Year-end window dressing (or mini Christmas rally) has pushed the major indexes into the buy territory. This rally could continue well into Chinese New Year. I am still very cautious at this stage. As we know, the problem in the US still has not be solved. China and US stimulus have put the respective country into a Viagra state. The inflation play is heating up. Therefore prices are going up and up. As all bubbles for the past 300 years, the last one hopping onto the train will suffer.